The bounce in “risk” is a natural part of the bear market cycle but the overall trend remains down for stocks and up for the US Dollar. EUR-USD has resistance between 1.2589 and 1.2623 but a bounce as high as 1.2824 cannot be ruled out. The S&P 500 has resistance between 1334 and 1340. Bond yields are extended but there are no concrete technical signs of a reversal higher just yet.
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